Tuesday, July 12, 2011

Imperial Petroleum, Inc. (IPMN) Commences Trading on the OTC Market’s Highest Tier

Today before the opening bell, OTC Markets Group Inc., the company that operates the world’s largest electronic marketplace for broker-dealers to trade unlisted stocks, announced that Imperial Petroleum, Inc., an energy company with operations in bio-fuels and oil and natural gas production, is now trading on its highest tier, OTCQX.

“Investors prefer the quality-controlled admission process on OTCQX which identifies the segment of OTC companies focused on valuation and transparency,” said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. “We are pleased to welcome Imperial Petroleum to OTCQX.”

Investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcqx.com and www.otcmarkets.com. Rodman & Renshaw, LLC will serve as Imperial Petroleum’s Designated Advisor for Disclosure (“DAD”) on OTCQX, responsible for providing guidance on OTCQX requirements.

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